Mtechtips MCX-SX USDINR INTRADAY trading analysis 10-09-2018

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Mtechtips MCX-SX USDINR INTRADAY trading analysis 10-09-2018

Mtechtips  Dollar is Strongly strengthening against Indian Rupee .Currently Dollar is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The USDINR is now trading in oversold level. The USDINR is now trading in oversold level. The oscillator is showing BUY signal For short term Dollar is in HOLD LONG position.Positionally Support for USDINR is 70.93-70.54-69.85-69.19-68.63-68.11-66.21-. Immediate resistance for USDINR is 72.57 In medium term Dollar is relatively strengthening against Yen- Short term and Intraday Level of Dollar with Rupee Last few days JPYINR is moving down Currently USDINR is in HOLD LONG position In USDINR is in up trend but last day trend was weak so adhere to stop at 71.743 The USDINR is now trading in highly overbought level. The USDINR is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Sell if open below 71.597 with stop loss at 72.094 Buy is advised only above 72.194

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